Idbi Bank Limited · NSE:IDBI
Idbi Bank — Q2 FY2023 Earnings Presentation
44 slides from Idbi Bank's earnings presentation, Oct 21, 2022
Slide 1: Exchange filing cover letter
3Tregra3Tre acr, IDBI Bank Limited trar-fu 0,1,6(14 3r-0434 dick, Regd. Office : IDBI Tower, sac &)tcoid-Lecrei, mrff WTC Complex, Cuffe Parade, CIN: L65190MH2004G01148838 ta# - 400 005. Mumbai - 400 005. Lo : (+91 22) 6655 3355, 2218 9111 TEL.: (+91 22) 6655 3355, 2218 9111 : (+91 22) 2218 0411 FAX
Slide 2: Investors Presentation Financial Results Q2 FY 2022-23
INVESTORS PRESENTATION FINANCIAL RESULTS Q2 - FY 2022-23 October 21, 2022 Page 1
Slide 3: Disclaimer
Disclaimer The information in this presentation is being provided by IDBI Bank Limited (referred to as ‘the Bank’). The information contained in this presentation is confidential and may not be copied, published, distributed, transmitted or advertised in any media, website or otherwise. By attending
Slide 4: Content
Content 1 Highlights 2 Financial Performance 3 Business Performance 4 Treasury Operations 5 Asset Quality 6 Capital 7 Digital Banking and Financial Inclusion 8 Subsidiaries 9 Way Forward Page 3
Slide 5: Highlights
Highlights Page 4
Slide 6: Major Highlights for Q2 FY 2023 – Continued Balance Sheet Strengthening
Major Highlights for Q2 FY 2023 – Continued Balance Sheet Strengthening PAT - Rs.828 crore Operating Profit - Rs.2208 crore NII - Rs.2738 crore NIM - 4.37% PBT - Rs.1437 crore ROA - 1.09% Cost to Net Income Ratio Total CRAR - 19.48% Total RWA ROE - 15.21% 42.29% Tier 1 Capital - 17.05% Rs.157840 Cro
Slide 7: Key Metrics for Q2 FY 2023
Key Metrics for Q2 FY 2023 Profitability - Strong operating momentum PAT at Rs.828 crore, up by 46% YoY and 10% QoQ PBT at Rs.1437 crore, up by 86% YoY and 32% QoQ Operating Profit at Rs.2208 crore up by 64% YoY and 8% QoQ NII at Rs.2738 crore, grew by 48% YoY and 10% QoQ NIM at 4.37%, imp
Slide 8: Key Metrics for Q2 FY 2023 (contd.)
Key Metrics for Q2 FY 2023 (contd.) Asset Quality - Improving Trend Net NPA at 1.15%, reduction of 56 bps YoY and 10 bps QoQ GNPA at 16.51%, reduction of 534 bps YoY and 339 bps QoQ PCR stood at 97.86%, improved by 59 bps YoY and 7 bps QoQ Capital - Adequately Capitalised Tier 1 Capital at 1
Slide 9: Financial Performance
Financial Performance Page 8
Slide 10: Profit & Loss
Profit & Loss (Rs.Crore) Quarter ended Variance Half Year Ended Particulars Variance % FY 22 Sep-21 Jun-22 Sep-22 YoY% QoQ% Sep-21 Sep-22 Interest Income 4154 4634 4978 20 7 9070 9612 6 18292 Interest Expenses 2300 2146 2240 (3) 4 4710 4386 (7) 9130 Net Interest Income 1854 2488 2738 48 10 4360 5226
Slide 11: Profitability
Profitability (Rs.Crore) 884 200 401 111 86 47 828 567 46% +48% +11% +12% +6% +35% +193% PAT Q2 FY22 Net Interest Income Other Income Employee Cost Other Op. Cost Prov. & Contg. Tax PAT Q2 FY23 (Excl. Tax) 866 225 316 116 (480) (685) 1584 1170 35% +20% -18% +8% +15% -28% +50% PAT H1 FY22 Net Interes
Slide 12: Net Interest Income
Net Interest Income (Rs.Crore) Quarter ended Variance Half Year Ended Particulars Variance % FY22 Sep-21 Jun-22 Sep-22 YoY% QoQ% Sep-21 Sep-22 Interest Income Interest on Advances 2668 2804 3232 21 15 6066 6036 - 11990 Interest on Invest. including bal. with RBI & Other Inter Bank Funds 1329 1534 15
Slide 13: Other Income
Other Income (Rs.Crore) Quarter ended Variance Half Year Ended Particulars Variance FY22 Sep-21 Jun-22 Sep-22 YoY % QoQ % Sep-21 Sep-22 Commission, exchange and brokerage 436 485 481 10 (1) 840 966 15 1814 Profit/ (Loss) on sale of investments 205 402 401 96 - 895 802 (10) 1058 Profit/(Loss) on reva
Slide 14: Provisions & Contingencies
Provisions & Contingencies (Rs.Crore) Quarter ended Variance Half Year Ended Particulars Variance FY22 Sep-21 Jun-22 Sep-22 YoY QoQ Sep-21 Sep-22 Depreciation on Investment (62) 111 159 221 48 812 270 (542) 1923 Provision – NPAs (1426) 110 (63) 1363 (173) (1227) 47 1274 (588) Provision – Standard As
Slide 15: Yield Ratios (cumulative)
Yield Ratios (cumulative) Yield on Advances NIM 4.22% 4.02% 9.97% 9.75% 3.73% 3.65% 9.03% 9.69% 3.54% 8.51% Sep 21 Dec 21 FY 22 Jun 22 Sep 22 Sep 21 Dec 21 FY 22 Jun 22 Sep 22 Cost To Net Income 43.50% 45.89% 43.44% 42.85% 40.36% Sep 21 Dec 21 FY 22 Jun 22 Sep 22 Page 14
Slide 16: Cost of Funds & Cost of Deposits (cumulative)
Cost of Funds & Cost of Deposits (cumulative) Cost of Deposits 3.66% 3.61% 3.56% 3.36% 3.40% Sep 21 Dec 21 FY 22 Jun 22 Sep 22 Cost of Funds 3.93% 3.67% 3.88% 3.84% 3.61% Sep 21 Dec 21 FY 22 Jun 22 Sep 22 Page 15
Slide 17: Business Performance
Business Performance Page 16
Slide 18: Balance Sheet
Balance Sheet (Rs.Crore) As at Sep-21 Jun-22 Sep-22 LIABILITIES Capital 10752 10752 10752 Reserve & Surplus 27230 31668 32498 Deposits 223305 225269 230310 Borrowings 15386 15643 21691 Other Liabilities & Provisions 14021 13070 13715 Total 290694 296402 308966 ASSETS Cash & Balance with RBI 27920 15
Slide 19: Business Performance
Business Performance (Rs.Crore) Total Deposit CASA 56.19% CASA Deposits 3% YoY 55.65% CASA Share 54.63% 230310 2 % QoQ 225269 223305 129407 125356 121996 Sep 21 Jun 22 Sep 22 Sep 21 Jun 22 Sep 22 Deposit Mix Deposit Mix 45.37% 44.35% 43.81% 0.02% QoQ 79236 83528 83547 5% YoY Time Deposits to Total D
Slide 20: Business Performance
Business Performance Saving Deposits Retail Deposits (Rs.Crore) 5% YoY 2% YoY 0.02% QoQ 0.31% QoQ 83528 83547 79236 88448 88173 86658 Sep 21 Jun 22 Sep 22 Sep 21 Jun 22 Sep 22 Current Deposits Bulk Deposits 7% YoY 13% YoY 10% QoQ 11% QoQ 45860 14651 42760 11465 12730 41828 Sep 21 Jun 22 Sep 22 Sep 2
Slide 21: Business Performance and Advances
Business Performance and Advances (Rs.Crore) Gross Advances Structured Retail Assets Retail Advances Agri Advances MSME Advances Corporate Housing Loan Loan Against Property Auto Loan, Education Loan & Personal Loan 3689 3473 3286 13164 12862 37% 37% 35% 12343 12% 8% 8% 65588 68448 13% 13% 60093 13%
Slide 22: Business Performance
Business Performance (Rs.Crore) Gross Advances Standard Gross Advances Corporate Retail Corporate Retail 170390 173948 145226 157506 136482 123098 112203 92002 100540 105327 98785 107310 58721 63080 61745 39899 31096 35942 Sep-21 Jun-22 Sep-22 Sep-21 Jun-22 Sep-22 Corporate : Retail (Ratio) Net Adva
Slide 23: Priority Sector
Priority Sector (Rs.Crore) Sep 21 Mar 22 Sep 22 Growth over Particulars Amount % of ANBC Amount % of ANBC Amount % of ANBC March-22 1 2 3 4 5 6 7 (8)=[(6)-(4)] ANBC 155281 152079 155295 Priority Sector Advances (a+b+c) 73835 47.55 67583 44.44 72344 46.58 4761 (a) Agriculture (i+ii+iii+iv) 29068 18.7
Slide 24: Treasury Operations
Treasury Operations | @)IDBI BANK] Pese2s
Slide 25: Investments
Investments (Rs.Crore) AFS BREAKUP Category Sep-21 Jun-22 Sep-22 4494 HTM 55661 62765 63678 AFS 22853 24202 25879 HFT 380 1255 3591 3166 17903 Total 78894 88222 93148 Government securities 316 Shares (Equity& Preference) Debentures/ Bonds Modified Duration of AFS Portfolio CPs/CDs/MF/VCF/PTC'S,Secur
Slide 26: Asset Quality
Asset Quality | @)IDBI BANK] Peses
Slide 27: COVID-19 – Provision Details
COVID -19 – Provision Details (Rs.Crore) Particulars Sep-21 Mar-22 Jun-22 Sep-22 In QE March 2020 247 - - - In QE June 2020 116 116 116 116 COVID Second Wave (Additional provision in QE March 2021) 500 - - - COVID Restructuring 484 415 360 370 Total COVID 19 Provision held 1347 531 476 486 Contingen
Slide 28: Asset Quality
Asset Quality PCR improved to 97.86% (Sep 2022) from 97.27% (Sep 2021) (Rs.Crore) Particulars Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Gross Advances 157506 158717 169207 170390 173948 Gross NPAs 34408 34405 34115 33908 28722 Gross NPAs as % of Gross Advances 21.85 21.68 20.16 19.90 16.51 Total Provisions
Slide 29: NPA Movement
NPA Movement (Rs.Crore) DESCRIPTION Q2 FY 22 Q3 FY 22 Q4 FY 22 FY 22 Q1 FY 23 Q2 FY 23 Opening Balance 35594 34408 34405 36212 34115 33908 Add: a. First Time NPA 1438 1639 763 5172 964 524 - Corporate 652 1066 337 2155 443 53 - Retail 786 573 426 3017 521 471 b. Increase in existing NPA 103 201 145
Slide 30: NCLT – Summary
NCLT – Summary (Rs.Crore) NCLT Admitted PCR % DA 3 and Loss DA 2, DA 1 & SSA TWO 48435 100% 100% 99.99% 99.99% 33399 31193 55 9474 7768 14981 RBI List 1 RBI List 2 Others Total RBI List 1 RBI List 2 Others Total Asset Class of NCLT Cases Filed But Not Admitted PCR% Filed By 10984 10984 100% 9148 73%
Slide 31: SMA Position
SMA Position (Rs.Crore) SMA 0 SMA 1 SMA 2 5024 4693 4505 4705 4565 2597 2319 2290 2285 2247 1759 1582 1580 1323 946 1015 1093 995 821 640 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Corporate Retail 4141 3867 3284 3822 3952 883 826 1221 883 613 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 SMA includes NFB of Rs.373 cr
Slide 32: Capital
Capital | @) IDBI BANK |
Slide 33: Capital Adequacy
Capital Adequacy (Rs.Crore) Particulars Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 CET 1+CCB (Rs.) 21295 21359 25787 26349 26913 AT 1 (Rs.) - - - - - Tier 1 Capital (Rs.) 21295 21359 25787 26349 26913 Tier 2 Capital (Rs.) 3932 3953 3672 3760 3841 Total Capital (Rs.) 25227 25312 29459 30109 30754 RWA (Rs.) 1
Slide 34: Shareholding Pattern
Shareholding Pattern (Rs.Crore) Sep 2021 Sep 2022 0.74% 4.54% 0.19% 5.09% 45.48% 45.48% 49.24% 49.24% LIC GOI FI/FPI/Banks/MF/Insurance Others LIC GOI FI/FPI/Banks/MF/Insurance Others Particulars Sep-21 Sep-22 Book Value (Rs. per share) Rs.29.58 Rs.32.47 Market Capitalisation Rs.49,784 Cr Rs.44,354
Slide 35: Digital Banking & Financial Inclusion
Digital Banking & Financial Inclusion Page 34
Slide 36: Digital Footprint
Digital Footprint Customer Induced Financial Transaction Analysis HY September - 2021 HY September - 2022 UPI ATM Cash withdrawl 1.95% 2.04% 0.47% 2.87% Branch Manual Transactions 0.75% 2.48% Debit Card 2.76% 3.75% 1.46% Branch Initiated Digital Transactions 4.16% 3.32% Internet Banking 5.46% 5.82%
Slide 37: Digital Footprint for Q2 FY 2023
Digital Footprint for Q2 FY 2023 Internet Banking Users (In Lakhs) BHIM UPI Users (In Lakhs) Mobile Banking Users (In Lakhs) 134.84 56.76 42.69 45.77 37.14 125.49 Sep-21 Sep-22 Sep-21 Sep-22 Sep-21 Sep-22 Merchant Base (In Lakhs) UPI Transactions (In Crores) Payment Acceptance Channels 1% 9% 3% 4816
Slide 38: Financial Inclusion
Financial Inclusion PMJDY ACCOUNTS Total PMJDY A/c (lakh) Aadhar Seeding under PMJDY 6.60 (Lakhs) 8.54 8.54 8.54 8.53 8.51 RuPaycards issued (Lakhs) 7.07 Sub Service Areas (Number) 490 Villages Covered (Number) 484 Sep, 2021 Dec, 2021 Mar, 2022 Jun, 2022 Sep, 2022 Transactions through Individual Bus
Slide 39: Financial Inclusion
Financial Inclusion MUDRA Yojana as on Sep 30, 2022 Sanction Outstanding (Rs.crore) 2635 2090 1414 910 100 54 Shishu (No. of A/c - 53629) Kishor (No. of A/c - 61457) Tarun (No. of A/c - 39768) Enrolment under Social security Scheme as on Sep 30, 2022 APY Subscription (in lakh) PMSBY Enrolments (in l
Slide 40: Subsidiaries
Subsidiaries | @) IDBI BANK |
Slide 41: Subsidiaries
Subsidiaries (Rs.crore) Income PAT RoA Net Worth Name of Company % Holding Line of Activity H1 FY 2023 H1 FY 2023 H1 FY 2023 H1 FY 2023 49.69 7.06 2.55% 328.89 IDBI Capital Market & Securities Ltd 100 Merchant Banking & Retail Broking (50.78) (9.24) (3.25%) (322.00) 72.12 6.04 5.00% 103.72 IDBI Inte
Slide 42: Way Forward
Way Forward [@)IDBI BANK] Pave
Slide 43: Looking Ahead : Focus Area
Looking Ahead : Focus Area Explore avenues to achieve business growth of 10% to 12% and maintain corporate to retail ratio at 40:60 Focus on maximising fee income and maintaining NIM above 3.25%. Target to maintain CASA ratio above 50% Credit cost and net slippages ratio to be below 1% and 2.5% resp
Slide 44: Thank You
THANK YOU www.idbibank.in = W@idbibank [FADBIBank © @idbibankofficial © CMVoulube/idbibank —[f\/idbibank By fet Free Nos 1800.209-4324 1 1800-22-1070.